Chief Justice Mogoeng Mogoeng administered Ramaphosa’s oath of office before a cheering crowd of about 40,000 at the Loftus Versveld rugby stadium in the capital, Pretoria. The 66-year-old Ramaphosa has pledged to wage war on the graft that characterized his predecessor Jacob Zuma’s rule, reignite an economy that’s expanded by an average of just 1.1% in the past five years and name a new slimmed-down executive to curb costs. A lawyer, former labor union leader and one of the richest black South Africans, Ramaphosa first took office 15 months ago when the ruling African National Congress forced Zuma to step aside.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Airbus SE and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

Boeing Co on Thursday said that after taking over Brazilian planemaker Embraer SA's passenger jet unit, it will call the division Boeing Brasil - Commercial, dropping one of Brazil's most iconic company names. The name change comes after Boeing agreed to pay $4.2 billion to buy 80% of Embraer's operation making passenger jets with fewer than 150 seats. Embraer will retain a 20% stake.

Airbus has been working on its Vahana project for years. It's an attempt to create an autonomous passenger drone network that could operate like a flying version of the Waymo 's self-driving cars. In January 2018, the company's flying taxi took to the skies for the first time. Now we're getting a glimpse of what the interior might look like. In a blog post , the Airbus Vahana team shared photos of Alpha Two -- its first demonstrator with a finished interior.

Airbus is in discussions to try to find solutions to a row with the German government over a ban on arms exports to Saudi Arabia that threatens a border security contract, Chief Executive Guillaume Faury said on Tuesday. The planemaker has warned of legal action against Germany after taking financial charges over the long-delayed border contract between Airbus's defence unit and the Gulf kingdom. "We are not yet there," Faury told reporters when asked about possible legal action.

Airbus is in discussions to try to find solutions to a row with the German government over a ban on arms exports to Saudi Arabia that threatens a border security contract, Chief Executive Guillaume Faury said on Tuesday. The planemaker has warned of legal action against Germany after taking financial charges over the long-delayed border contract between Airbus's defence unit and the Gulf kingdom. "We are not yet there," Faury told reporters when asked about possible legal action.

Airbus hinted on Tuesday at a price battle and imminent aircraft revamp to counter a possible new Boeing mid-sized jet, promising a "left hook, right hook" from two of its established models. U.S. planemaker Boeing is studying whether to launch a 220-270-seat jet wedged between traditional twin-aisle models like the Airbus A330 or its own 787, and the industry's bread-and-butter single-aisle models like the A320/321 and Boeing 737. Airbus aims to defend that space with its own A330neo at the top end and the best-selling A321neo at the bottom - two models boasting new engines on older airframes.

Airbus is sticking to its 2019 delivery goals as it makes progress in resolving industrial problems at its Hamburg single-aisle jet plant, the planemaker's recently appointed operations chief said on Tuesday. Airbus has eliminated many delays compared to last year but has room to do more in making deliveries run more evenly over the year, chief operating officer Michael Schoellhorn said. Airbus will review in the second half of the year whether to raise A320-family output beyond a current target of 63 a month, the former BSH Home Appliances executive told a media event.

TOULOUSE (Reuters) - Airbus Chief Executive Guillaume Faury hinted on Tuesday at the launch of a more powerful new A321 jet, saying the planemaker's current A321LR was the world's longest-range single-aisle ...

Dying in an airliner crash has got to be one of the worst ways to go. Sadly, my mind travels into the realm of the macabre when I think about Boeing (NYSE:BA). Two high-profile crashes involving a malfunctioning system designed, ironically, to protect against accidents delivered a PR nightmare to the company. It also cast a dark cloud on Boeing stock.Source: WikimediaIn the aftermath of the first crash involving Lion Air Flight 610, enough questions existed to confuse ultimate liability. Did the airplane manufacturer screw up with their critical software components? Or did Lion Air's crew inappropriately tamper with the doomed flight's sensors and associated hardware?The ambiguity provided speculators enough reason to spike up the Boeing stock price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut when Ethiopian Airlines Flight 302 also went down in similar circumstances to Flight 610, the party was over. When Boeing presented software updates to the now maligned and grounded 737 Max 8 jet, management essentially admitted responsibility. But Congressional hearings also revealed shocking levels of incompetence and greed within federal oversight agencies, and news came out later that the crash may have been linked to a bird strike. Nevertheless, BA stock crumbled on these bearish developments.Perhaps the most common idea here is to avoid the plane manufacturer altogether. However, bad news typically winds itself down, especially for otherwise fundamentally solid companies. Notably, the Boeing stock price has moved up significantly on hopes that the 737 Max will resume normal operations. * 6 Chinese Stocks That Could Pop On a Trade Deal Global air-transportation regulators are meeting in Texas to discuss this issue. Naturally, contrarians are surrounding BA stock, eyeballing a potential move higher. I'm not sure if this latest tidbit is enough to make the case for the embattled organization. However, these three points are: Boeing Stock Price Benefits from a DuopolyPossibly the biggest reason not to abandon BA stock permanently is that the underlying company enjoys a duopoly. When it comes to large jetliner manufacturers, only two names exist: Boeing and Airbus (OTCMKTS:EADSY). That duopoly will almost surely stay in place unless a catastrophic incident occurs.Some might argue that the two 737 Max 8 crashes constitute such a catastrophe. Logically then, Airbus has an opportunity to steal core market share from Boeing. With persistence, the aforementioned duopoly can turn into a monopoly exclusively benefitting Airbus.Practically speaking, that will never happen. Although Lion Air threatened to cancel its remaining Boeing orders and essentially make the switch to Airbus, other airliners won't follow suit. Why? Because as our own James Brumley explained last year on an unrelated topic, plane manufacturers can't just add capacity.It takes many years to plan such accretive measures to airplane manufacturing. By that time, the PR crisis will have faded. Thus, Boeing stock avoids a bullet simply because of its industry's size and complexity. Boeing Is Too Big To FailIt's an argument that drives sound-money economists absolutely crazy. Nevertheless, it perfectly applies to BA stock, especially in this situation: Boeing is too big to fail.The company is the second-biggest lobbyist in the U.S. in terms of political spending. Granted, that was part of the problem when the Federal Aviation Administration turned a blind eye on the 737's defects. But on the flipside, it helps ensure that our government will do everything possible to give BA a leg up.Because of this cozy relationship, Boeing receives federal contracts even if Airbus provides the better deal. Let's also not forget that BA is a significant defense play. When presidents, service members and executives depend daily on your product, you're unlikely to collapse, even under extreme pressure. Barrier to Entry Protects BA StockWhen Papa John's (NASDAQ:PZZA) founder John Schnatter uttered an awful slur last year, the ensuing controversy wrecked the company's equity. Unfortunately for those charged with bringing Papa John's back to a positive light, pizza making is a low-cost industry.If I had to sink my life savings into either PZZA or BA stock, I'd pick the latter without hesitation. At the end of the day, airline manufacturing is a prohibitively expensive operation. Moreover, it requires decades of aeronautical experience to build trust with client corporations.Here's the thing: Boeing definitely suffers the worst optics in my comparison. Papa John's ousted founder offended people. Boeing indirectly killed people. Yet it's incredibly easy for customers to switch pizza preferences. Switching aircraft suppliers is an entirely different ballgame.Admittedly, the idea of investing in Boeing stock can hurt your moral sensibilities. It's akin to giving tax breaks exclusively to rich people. But if you strip away the emotions, the bullish argument narrowly outweighs the countering view.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 3 Reasons to Gamble on Boeing Stock appeared first on InvestorPlace.

in a bid to supply Air New Zealand with wide-body planes in a deal that could be worth more than $2 billion at list prices, according to Reuters. Air New Zealand has been considering replacing eight Boeing 777-200ER planes, which the company uses for its long-haul flights. The carrier uses its Airbus planes for shorter flights.

Air New Zealand Ltd has decided to buy wide-body planes from Boeing Co, people with direct knowledge of the matter said, ending an 18 month battle between the U.S. aircraft maker and European rival Airbus SE. The carrier has been considering replacing eight Boeing 777-200ER aircraft in a deal worth over $2 billion at list prices, though carriers typically receive steep discounts. Air New Zealand already uses Boeing wide-bodies exclusively on long-haul flights, and Airbus single-aisle jets on shorter routes.

German startup Lilium aims to have a fleet of the five-seat aircraft -- which can operate with a pilot or in drone mode -- flying in cities worldwide by 2025, providing a pay-per-ride service that will be emission-free, five times faster than a car and produce less noise than a motorbike. Lilium has $100 million in funds and must raise at least the same amount again to bring the model to market, while adding hundreds more jobs to its payroll of 300 people, Chief Executive Officer Daniel Wiegand told Bloomberg TV. A short hop between John F. Kennedy International Airport and Manhattan will cost about $70 per passenger, making it cheaper than a helicopter and competitive with top-end limousine services, Chief Commercial Officer Remo Gerber said in an interview.

Lilium's all-electric flying car successfully completed take off and landing flight tests in Munich earlier this month as the startup enters a race with Boeing, Airbus and others to create an on-demand air taxi.

Vienna prosecutors believe there is little basis for an investigation into a decade-old $2 billion (1.5 billion pounds) Eurofighter jet purchase by Austria, two media reported on Thursday, citing an internal report. Austrian prosecutors launched investigations against Airbus and the Eurofighter consortium in February 2017 after the defence ministry said it believed they had misled the state about the price, deliverability and equipment of the 2003 deal. Airbus and the consortium have denied the accusations.

Vienna prosecutors believe there is little basis for an investigation into a decade-old $2 billion Eurofighter jet purchase by Austria, two media reported on Thursday, citing an internal report. Austrian prosecutors launched investigations against Airbus and the Eurofighter consortium in February 2017 after the defense ministry said it believed they had misled the state about the price, deliverability and equipment of the 2003 deal. Airbus and the consortium have denied the accusations.

Rows between France and Germany over the common arms export licensing rules they are trying to develop are likely to delay until after the Paris Air Show the concrete launch of a joint Franco-German warplane programme, an Airbus official said. Alexander Reinhardt, Airbus's representative in Berlin said that it and partner Dassault had hoped to sign contracts at June's aviation trade show in Le Bourget that would unlock more than a hundred million euros in development funds. "But that is unlikely to happen, because we in Germany just need too much time for this process" of agreeing common arms export rules, he said in Berlin on Thursday.

Airbus Chief Executive Guillaume Faury warned on Thursday any further escalation of trade tensions would damage aerospace firms globally, including the European planemaker's U.S. rival Boeing. The United States and the EU have each threatened to impose billions of dollars of tit-for-tat tariffs on planes, tractors and food in the nearly 15-year trans-Atlantic dispute at the World Trade Organization over subsidies to Airbus and Boeing. "The trade tensions that we see, we believe they are lose-lose tensions," Faury told reporters on a visit to London.

Palantir had a huge year, breaking through a government contract barrier that had held it back from lucrative Pentagon deals and securing an $800 million contract with the Army that it had sought for nearly a decade. The company has also made progress on the enterprise front, expanding a significant partnership with Airbus and branching out in the automotive and pharmaceutical markets. Palantir — the Silicon Valley data analytics company co-founded by PayPal founder and Trump advisor Peter Thiel — has made the CNBC Disruptor 50 list for six years running.